Good News for the Juiceman; Bad News for @mark94 and @skifag609
Dougster
KFC in Canada is now accepting Bitcoin for Fried Chacken:
(Actually I guess it's not bad news for @mark94, who, although he thinks Bitcoin is a bubble, hedged perfectly himself so that he can never be proven wrong but matter what happens by saying that the price could go up, down, or stay the same.)
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last commentThis was posted 3 minutes before the poster picked up a mop and a pail and started another day in his chosen career.
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That's sort of true, @skifag609. I certainly have mopped the floor with you and @mark94 when it comes to cryptocurrency analysis. But you're both old and dumb. So it's not like that is hard.
LOL!
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I used to think you were about 28, now I realize I need to divide by 2. Skifag? Mopped the floor? Please never breed.
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*** !!! SKIBUM609 LOSES AGAIN !!! ***
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Can the feds trace bit coin transactions? Is bit coin being used by organized crime? Are people using it for tax evasion?
SJG
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SJG: "Can the feds trace bit coin transactions? Is bit coin being used by organized crime? Are people using it for tax evasion?"
The answer is yes to all of these. They are ways to gain some anonymity in Bitcoin but it is rather poor compared to other coins. In practice tracing transaction for Bitcoin is fairly advanced and there are companies which specialize in it that the IRS has hired.
There are more anonymous coins out there like Monero and ZCash if you want better anonymity. Monero is secure by default. With ZCash you have to turn it on and know what you are doing.
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On advantage of Block chain over fiat currency, if anyone ever choose to implement it on a national scale, would be that taxation on transaction could be enforced: whether they were legal or illegal. Some countries are working on national crypto currencies right now, include some preliminary investigations by the Federal Reserve and that could be a feature.
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National crypto currencies, that to me sounds like they want to eliminate cash in favor of all computer transactions? Could people just use debit banks like Pay Pal and get the same thing?
I think cash is what is really at risk here. Given the chance, the feds would really restrict cash.
SJG
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LMFAO
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